Black Market Dollar Rate Skyrockets: Naira Plummets — Today’s June 8 Update

Find below the black market exchange rate for the U.S. dollar to the Nigerian naira as of Saturday, June 7, 2025. These are the rates at which you can exchange your dollars for naira on the parallel market.

How Much Is One Dollar to Naira Today at the Black Market?
According to sources at the Bureau De Change (BDC) in Lagos, traders are buying dollars at ₦1600 and selling at ₦1620 in the black market.

⚠️ Please note: The Central Bank of Nigeria (CBN) does not recognize the parallel (black) market. The CBN advises individuals needing foreign exchange to do so through official banking channels.

Dollar to Naira Black Market Exchange Rate (June 7, 2025)

Dollar to Naira Official CBN Exchange Rate

Note: Exchange rates may vary slightly depending on location and vendor.